Envision Energy Signs 20 Year PPA in Bangladesh

Envision Energy announced the signing of a Power Purchase Agreement (PPA) on September 4^th, 2022 with Bangladesh's state-owned utility, Bangladesh Power Development Board (BPDB).

According to the agreement, Envision Energy will build a 55MW wind farm at Mongla in Bagerhat, and BPDB has committed to purchase all the electricity generated from this plant at a levelized tariff of US$ 13.20 Cents, equivalent to Tk 10.56 per kilowatt hour over the period of 20 years. 

Mongla Wind Farm will be equipped with Envision's 171-4.5 MW turbines and is expected to complete by 2024. The energy generated from the wind farm will be used in the Mongla region and will help reduce the equivalent of 110,000 tones of CO2, annually.

Mongla Wind Farm is Bangladesh's second major wind project, after its first 60MW Cox's Bazar project, which is also equipped with Envision's wind turbines.

"We are excited to be working with Envision, to generate clean energy for the grid and to significantly contribute towards Bangladesh's renewable energy goal." Mahbubur Rahman, Chairman from BPDB said.

George Wang, VP and CTO of Envision Energy said, "Our partnership with BPDB further establishes Envision's footprint and demonstrates our commitment to the country. The PPA sets another major milestone in the South Asia region for Envision, and we are confident the project will continue showcase our technology and capability to the market."